1/6/2022

Jan 06, 2022


1/6/2022
Mixed finish in corn and soybeans after a largely weak overnight session.  The first trading week of 2022 has brought with it plenty of volatility, providing abundant opportunity for profit-taking trades anywhere between 1-hour and 3-days.  Monthly trades, spread trades, and options trades have all been active with daily volume continuing to creep out of its holiday slumber.  Weekly export sales were disappointing, posting lows for the marketing year with corn, soybeans, and wheat all coming in well below the minimum estimates.  The USDA reported 256k tonnes of corn, 383k tonnes of soybeans, and 49k tonnes of wheat sold for the week ending December 30, 2021.  It's important to be prepared for a sudden change in the South American weather forecast.  Last year, we saw what was close to the full potential of today's drought tolerant genetics and learned that the timing of rain is more important than the growing season total.  If South America really was in as bad of shape as trade wants to believe, one tends to think China would have been in to secure some U.S. soybeans as a precaution.  When it comes to the current market atmosphere, don't let a dollar fall out of your pocket bending over to pick up a dime.  We are less than a week away from one of the most important USDA reports of the year that will provide our market direction into the planting season (not even 3 months away in the South).  Stay warm out there.

Corn and soybeans both closed well off their lows.  Money seems eager to buy the quick dips right now. 
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Mar 11, 2025
The monthly USDA WASDE report was today and it was about as boring as it can get.  The USDA took the month off leaving corn and beans carryouts unchanged.  Corn remains at 1.540 billion bushels and beans at 380 million bushels.  World ending stocks were slightly lowered on both corn and beans.  World corn was pegged at 288.94 million tonnes vs 290.3 million tonnes previously.  World beans were pegged at 121.4 million tonnes vs 124.3 million tonnes previously.  All of the South American crop production estimates were also left unchanged.  
Aug 30, 2024
Corn picks up 10 cents and soybeans improve just over 25 cents on the week to go into the holiday weekend on a positive note.  Soybean export sales have picked up the pace in a big way.  At the end of last week, sales...
Aug 23, 2024
Corn trade was flat at 2 lower throughout a majority of the day to take us back to where we started the week.  Soybeans were 9-11 higher in what looks to be a dead-cat bounce in the middle of nowhere on the charts....